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Women in Business: Is Gender Diversity Profitable?

2021-08-17T16:30:33.783Z


According to an international study, firms with 30% female leaders increased their profit by 15%. What happens in Argentina. Blue dollar today: how much it is trading at this Tuesday, August 17


Micaela Milanesi

08/17/2021 12:54 PM

  • Clarín.com

  • Economy

Updated 08/17/2021 1:23 PM

The numbers began to respond, and everything that was wielded to

combat diversity

in the corporate world is already

lacking arguments

to support it.

Why do we say this?

It is that recently the Peterson Institute for International Economics presented an investigation that showed that

companies that have 30% of women leaders, achieved a 15% increase in their profitability

.

This is compared to peer firms, in industry and size, but that do not have a female presence in leadership positions.

For this survey,

more than 21 thousand firms

were interviewed

worldwide

, all of them are listed on the Stock Market and belong to 91 countries.

The results were stable in all destinations

, showing that the presence of more women in leadership positions of corporate management is correlated with higher profitability of these companies.

Although there has been talk for years about the positive impact of women in the C-Level (top management), there are still many organizations that are

behind

in acquiring this trend.

For example, in the case of Argentina, the Commercial Chamber has just annulled the two resolutions issued by the General Inspection of Justice (IGJ), by means of which it

imposed on public limited companies to designate the same number of women as men in their directories

.

Although the movement for the growth of women's representation has been taking place very slowly, it is encouraging to see that

the issue is on the agenda

of all sectors, and that it advances little by little, but continuously.

To graph it, in its

Total Remuneration Survey 2020

, the Mercer firm detected how the female presence developed within organizations and compared it to what happened almost a decade ago.

Thus, the Human Resources consultancy saw that

today there are 9% of women who are CEOs

, while in 2012 they were just 3%.

The same happens among the

directors

, who were only 12% and now they already

reach 21%

.

In addition, in the senior manager category there are 27% women, and 8 years ago they were 20%.

However, it is important to note that

there are some industries in which it is more difficult for women to develop

, because they were traditionally considered manly. Among them are STEM (

science, technology, engineering and mathematics

, for its acronym in English) and it is precisely towards them that we have to encourage more female students to arrive, since they are the

careers that have the best future

, due to job creation and because of the level of salaries they handle.

For example, a new study from the

IBM Institute for Business Value

(IBV) reveals that despite increased awareness of the challenges women face in the workplace,

gender equality is still not a top 10 priority. for 70% of global companies

, according to surveyed business professionals.

This affects the mood of the collaborators.

That's why the report indicates that employees feel fatigue and less optimism about ineffective programmatic efforts to address gender equality

.

Only 62% of women surveyed

(9 percentage points less than in 2019) and 60% of men surveyed (7 percentage points less)

expect their organization to

significantly

improve

gender parity in the next five years.

What does it take to overcome this?

The Peterson Institute for International Economics report establishes that it is important to provide space for the generation of

national policies for the education of women,

regulate family leave (not only maternal) and

ensure the absence of discriminatory attitudes towards executive women.

If one begins to work seriously on these points, a better distribution of income will be achieved, and companies will gain in

productivity and work environment.

A win-win format.

Micaela Milanesi is the Commercial and Marketing Manager of Lisicki Litvin & Asoc.

NE

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Source: clarin

All business articles on 2021-08-17

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